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April 19, 2013

SEC chairman's former colleague to be named enforcement chief

 U.S. Securities and Exchange Commission Chairman Mary Jo White will name a trusted lieutenant, Andrew Ceresney, to be her enforcement director in the coming weeks, people familiar with the matter said.

Ceresney has already been spotted around SEC headquarters and is starting to schedule meetings with agency officials, said the people, who were not authorized to speak publicly.

The two have worked together for more than a decade as criminal prosecutors and then in private practice, often handling matters as a team.

Ceresney prosecuted securities fraud cases at the U.S. attorney’s office in Manhattan in the late 1990s and early 2000s when White led that office and later followed White to the law firm Debevoise & Plimpton, where they defended Wall Street banks and other top companies and their executives in white-collar investigations.

The pair have been sought after in the defense bar, handling prime assignments for JPMorgan Chase & Co, former Bank of America Corp chief executive Kenneth Lewis and others.”

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Read full Reuters article here

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